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that john boehner is having a hard time to get them to agree to his packages like plan b out here. we don't know how much out here in the public things have changed since last week, but it seemed like president obama was saying something that he was planning to say if it came down to the last few days. >> joy, is this the same kind of negotiation we saw in the first term? >> well, richard, one of the things that you didn't see the president do is to offer a new plan and he is laying the debacle at the feet squarely on congress and for the all to see where the dysfunction lies and the president helped himself by making offers that even his base was uncomfortable with, because it is fair to everyone that he is reasonable and trying to make the offers and that the intransigence is on the other side and he is expressing proper proper properlyly the frustration of the american people. >> and now it moves to mitch mcconnell from harry reid. and we have sound from mitch mcconnell on the house floor and harry reid. >> we had a good discussion with the majority leader with the hopes to come forwar
far right and worried about somebody farther right running against them in primaries that john boehner is having a hard time getting them to agree to his packages like plan b last week. we don't know out here on the public how much has changed since last week, but president obama was saying something he was planning to say. >> joy, is this the same thing? >> one thing you notice the president didn't doll is off any new plan. he's laying this debacle squarely at the feet of the congress. the president helped himself by previously making some offer that even his base was uncomfortable with because it's now clear to everyone watching he's been responsive. i think he's expressing the frustration of the american people. >> clarence, the game seems to be moving to rich mcconnell and harry reid. i think we have some sound bites from mitch mcconnell and harry reid on the senate floor. let ee cease if we can one that now. >> we had a good meeting down at the white house. we're engaged in discussions, the majority leader, the white house, and myself in the hopes that we can come forward as early
it on house speaker john boehner. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker. john boehner seems to care more about keeping his speakership than about keeping the nation on firm financial footing. >> boehner's office's response? we've done our part. it's the senate democrats fall. but will the speaker call his members back before time runs out? >> at the last moment is the way these things normally happen. i think that can happen again. it just depends on putting egos aside a little bit and putting the best interests of the american people first. >> plus, keeping our kids safe, is arming educators the symptom or adding to the problem. >>> and can anyone beat sko brown? >>> good day. we're live in washington this afternoon. the lines of communication between the president, leaders of congress are open. whether those lines are used repeatedly over the next few days to reach a fiscal cliff deal is anybody's guess. joining me now for our daily fix, nbc's kelly
the tough rhetoric when we come back. >>> and yet another big story brewing for tomorrow. john boehner, he could be facing a real challenge for his job speaker of the house. ace acosta is all over this story. "the kudlow report" begins right now. >>> back to the rally on the streets today. that is the total sizzle story. check out these numbers. in case you missed it, dow added 308 points. nasdaq up 93. s&p 500 surging 36. cnbc's kelly evans joins us with all the details. good evening, kelly. >> larry, good evening, from down here at the stock exchange where you practically would expect streamers and champagne. the kind of day we had to put in in context, the likes of bill gross saying he sees stocks up 5% for the year, we did 60% of that in the first trading day. a lot of people are pointing to this that there could be many better things to come than just 5% in stocks. we saw the best start to the year, at least in percentage terms for the major indexes since 2009. the russell 2,000, by the way, doesn't usually get the headlines but it hit a record high. the global dow is at a 52-week hig
, republican house speaker john boehner put out this stirring call to action. >> mr. president, this is your moment. we're ready to be led. not as democrats or republicans but as americans. we want you to lead. not as a liberal or conservative but as president of the united states of america. >> mr. president, we are ready to be led. just show us the plan. that was encouraging. that seemed like we were going to have a deal, no problem. obama won the election. he'll hand them a plan. he'll make some small changes. that's how congress works, of course. pass it and we'll be done. we'll go home for christmas. not so much. president obama did hand them a plan as treasury secretary tim geithner made a special trip all the way to john boehner's office on capitol hill. he delivered the plan to speaker boehner, a plan pretty much identical to the one president obama just won the election on. you might have thought that would have been leading, the problem would have been solved. not so much. >> flabbergasted. i looked at him, you can't be serious. i've just never seen anything like it. >> so when you
that in the house now boehner has no control over his extreme right wing faction. >>> want to bring in david nakamara and meredith shiner. david, i'll start with you. you know, the president coming back for appearance sake as some might say or, you know, when we look at what he can do tomorrow what might he have in the works here? >> richard, i think to get a look at that, look at friday scaling down the proposal. he said i want a big deal ultimately but before the new year we don't have time and probably going to work with senate -- the senate to sort of come up with a possibly smaller stop gap deal. he wants the tax breaks for those under $250,000 and maybe temporary measures to delay the spending cuts or a stop gap measure to buy time after the new year. >> in addition, as a part of that smaller deal you talk about, david, to you here, meredith, there will be extension of unemployment insurance, perhaps also putting off the automatic cuts and as david was noting, extending the tax cuts for incomes up to $250,000. some folks are asking, though, meredith, is this the best they can hope for?
farther right running against them in primary, that john boehner's plan last week. we don't know how much has changed since last week. but president obama sounded like he was saying something that he had been planning to say all along. >> it's almost like the white house is stepping out. i think we have some sound from mitch mcconnell talking about the next steps. let's see if we can run that out. >> we had a good meeting at the white house. we are engaged in discussions, if majority leader, myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation. that i can make to my conference and the majority leader can make to his conference. >> i'm going to do everything that i can, i'm confident senator mcconnell will do the same. but everybody, this is -- whatever we come up with, this is going to be imperfect. and some people aren't going to like it. some people will like it less. but that's where we are. and i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. we're going to do the
the last time i saw john boehner even crack a grin. [♪ theme music ♪] >> jennifer: 24 hours after congress finally did something, the right-wing is up in arms! the reports headline was republican horror new year. scary stuff. and it only got spookier from there as republicans turned on their own. >> republicans caved last night. >> they waited 20 years before giving themselves away. >> i would be. >> seriously, could the republican party have mismanaged this any worse. >> i think the president did a great job of getting the speaker to undo everything that he promised he would do. >> after midnight and all of that partying and rivalry that goes on at new year's eve, what i can tell you is they did half a bill. >> jennifer: not just the folks on the right who are whining and complaining, there are some on the left who are almost giving the tea party for dogmattic money. paul krugman wrote . . . >> jennifer: okay. i love paul krugman but on this one i have to strongly disagree. let's take a look at what progressives actually got. first democrats got tax increases for the we
you don't want to be is john boehner. he's under fire from both democrats and republicans for not helping victims of sandy. >>> plus secretary of state hillary clinton is expected to make a full recovery after suffering a blood clot near her brain. so much for her critics on the far right who suggested she was faking being sick to avoid testifying about benghazi. >>> and let me finish with the reason it's hard to avoid a fiscal cliff. we begin with whether anyone really won in the fiscal cliff standoff. howard fineman is the director for the "huffington post" media group, steven walsh with the wall street journal. let's look at who came out the winner on this fight. on the right there's some significant disagreement. here's what bill kristol wrote just before the house vote. quote, politically republicans are escaping with a better outcome than they might have expected. and president obama has gotten relatively little at his moment of greatest strength. then there's conservative commentator charles krauthammer. >> in the house who hate the bill and for good reason. i mean,
if they work out a deal that's acceptable to the senate, then it's going to go to the house. speaker boehner has said they'll either vote on what the senate produces or amend it. that's a lot of work to get done within a day. and i think there are a number of house republicans still holding out, believing that they would rather vote to cut taxes after january 1st than vote for a deal now. >> so there's physically no time. >> i think it's very tough. >> well, but what dan's also saying is that just because the senate reaches a deal, even with the administration, there's no guarantee there are republican votes in the house to do it. >> yeah. we've seen that problem throughout the past few weeks. >> yeah. >> meanwhile, democrats say the biggest setback came earlier in the day when senator mcconnell proposed changes to social security benefits. in an exclusive interview on "meet the press," president obama said he had been willing to compromise to that issue as part of a larger deal. >> one of the proposals we made was something called chain cpi, which sounds real technical, but basically makes
is a lever to try to get the senate to put something on the floor, and speaker boehner has been very clear it's the senate's turn to act. senate dems aren't taking that bait. they feel like they'll put something on the floor. if they don't have republican consent for it, they will have to pull it or see it go down in flames, and then republicans can point to their failure and say, hey, look, they failed, too. so democrats are wary of kind of falling into this trap that republicans they feel are trying to set for them, and so there's this kind of staring contest up here where everybody is looking at everybody and it's like watching a slow motion car crash. >> using that metaphor of a staring contest, can you see anybody blinking? everybody thought -- i guess they thought first of all that boehner would blink and he'd take on his tea party and say i only want 50 or 75 votes. i don't need you crazy people. i just need a few normal people, and we'll get 150 democrats, and we'll pass something. he didn't blink and do that. is there any chance he will before monday? >> i think there's a chance if h
within 48 hours. >> speaker john boehner voted for the deal, breaking the republican leaders eric cantor of virginia and kevin mccarthy of california who voted against. paul ryan joined speaker boehner, voting for the bill. after the vote, president obama tried to set the terms for the fiscal fights ahead in a rare late-night appearance with joe biden by his side in the briefing room. >> the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together, with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much. >> but republicans are already looking ahead to another budget showdown in late february. that's when the temporary delay on domestic and military spending cuts expires and when congress must raise the $16.4 trillion debt ceiling limit to avoid default. >> save your powder for the debt ceiling fight. we have leverage at the debt ceiling to make this president face up to the fact that we're spending our way into oblivion. >> last night, the president warned republicans not to use t
entrance. those are the suvs that likely boehner, mcconnell, pelosi and reid will come out of. let's talk about the deal. what if there's a deal, craig, for, i don't know, say 4 hr $500,000 the threshold of who gets taxes and who keeps -- everybody under that number keeps their tax cuts. everyone over pays more and there's spending cuts. is that a bad deal? >> yeah. i think it is. let me tell you why. because you can't get everything out of this deal that you want and frankly, all we're doing is kicking the can down the road. you know as well as i do this does nothing to deal with the $1 trillion plus deficits we have yearly. this is the fifth year in a row, we're going to have $20 trillion worth of debt on top of $48 trillion worth a long-term liabilities by the time mr. obama leaves office. this is the time to deal with this issue. we've been kicking it down the road ten years. we promised the nation in 2011 under the budget deal with the sequesters we would not let this get away from us. we shouldn't this time. for mr. obama to suggest i've cut a trillion in spending because he saved m
in primary, that john boehner's plan last week. we don't know how much has changed since last week. but president obama sounded like he was saying something that he had been planning to say a all along. >> take a listen to the president's tone and tell me if you think somebody has changed. >> ordinary folks. they do their jobs. they meet deadlines. they sit down and they discuss things and then things happen. if there are disagreements, they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind boggling to them. >> joy, is this is same kind of negotiator we saw in the first term? >> i'll tell you, richard. one of the things you notice that the president didn't do was offer any new plan. i think he's laying this debacle squarely at the feet of congress. and the president, i think, helped himself by previously making some offers that even his base was uncomfortable with. it's clear to everyone watching that he's been reasonable to try to make offers. i think he's expressing plopperly the frustration of the american people. >> it's almo
it passed through the chamber and send it to the house. house speaker boehner made it clear he had not move first. he wants to see the senate act. the ball is now in the senate's court for all intents and purposes. >> sam, isn't it a bit late in the day to be playing this game of chick snn. >> i don't know what constitutes late in the day at this juncture. i guess we have a few more days, a couple more hours here. i think there's a general consensus we probably will hit the cliff, but that doesn't mean they can't hurry and get something done a day after, two days after, do it retroactively. the hit that would be felt by families would be minimum in that case. a lot of negotiations. we'll see what mcconnell and reid can pick up and forge together. >> nbc news has been reporting that the president's holding firm to this position of not cutting taxes for people earning more than $250,000 a year. you've been talking to republicans all day. will republicans vote for a plan that looks like the president's first offer, $250,000? >> republican senators specifically were really looking for a $400,00
, the senate is working against the clock, and speaker boehner, yeah, he's m.i.a. >> no new negotiations are scheduled. >> congress has five days to strike a deal before the end of the year deadline. >> they're calling it the fiscal cliff. [ speaking foreign language ] >> john boehner seems to care more about keeping his speakership than about keeping the nation on firm financial footing. >> let's take the american people out of the line of fire in terms of taxes. >> it's being operated with a dictatorship of the speaker. >> i have never known john boehner not to have a plan. >> it seems pretty dark right now. >> it looks like there's no way there's going to be any deal done. >> so i say to the speaker, take the escape hatch we've left you. >> we're not going to get anything done that doesn't involve some measure of compromise. >> it's not 100% sure that's going to work any longer, and now that we know how fanatical the fanatics are. >> it's like blah, blah, blah. >>> a very busy day here in washington and we want to take you right to the senate floor where senator mitch mcconnell is act
. that is the problem. >> laura: you can respond to stephen. true that john boehner didn't help with the plan bfiasco. stephen is right, isn't he not about harry reid, the idea that he is leading is farcicle. >> they did pass legislation to ensure that taxes wouldn't go up on anybody making $250,000. the senate actually passed legislation. >> laura: there were no spending cuts in that, though. >> the budget control act had $1.5 trillion in spending cuts already approved. so say that the senate hasn't approved spending cuts in the last congress is not true. the problem is this and i feel bad for john boehner if you were obama you don't know who to negotiate with. even with john boehner were to come to obama with a deal, john boehner is being held host and by members of his own caucus who won't let him do that. boehner can work with democrats to get it passnd and throw some of his support with the democrats to get it passed but the problem for john boehner is he has an election coming up for his own leadership position on january 3 and he is afraid to do that. >> laura: again, and i understand why juli
. >> also infure rated is new jersey governor chris christie who says boehner refused to take his repeated phone calls last night as it was becoming apparent the sandy aid packal wouldn't go to a vote in the house. >> you sit around and delay and you give assurances to people things will be done and they're not, that is not doing your job. have some guts. put it up. vote yes or no and move on. >> this afternoon, boehner spoke with christie and he and cantor met with the congressional delegation from new york and new jersey and assured them sandy pack knowledge new form is the top priority. a package that peter king says will be pork free. this friday they will vote to get immediate resources to the national flood insurance program. there will be votes on the rest of the sandy aid package. then it has to go to the senate. >> start all over. thank you. >> bret: you heard the phrase "fiscal cliff." then bill and law accompany the overused phrase fiscal cliff. some out the it as win, politically for taxpayers. the reality, according to both sides is really more of a mixed bag. president obama
with most members of congress still in their home district, speaker boehner put that ball in the senate's court. harry reid tossed it right back. are we looking at another lost day in the negotiations? hitching a right on air force one, the new senator from hawaii and it's not what we expected it to be. here we go again. the president in washington and another deadline. secretary geithner warns we will hit the debt ceiling even before we tumble over the fiscal cliff. good morning from washington. it is thursday, december 27th. this is "the daily rundown." i'm luke russert. two days after christmas and washington is back to work trying to harsh out a deal to avoid the fiscal cliff. the senate will get back from the session after holiday break. the president is expected to arrive back to the white house without his family to get back to twork mework to meet the loo deadline. mike is at the white house. let's start with you. the consensus around the hill is that we are more likely than not to go over the fiscal cliff, but there is a small chance harry reid could take a house pass bill and
of senator boehner. tax rates increase for those over a million dollars. you are a guy that is well known as a conservative. in principle isn't that something you think hurts the economy? >> no question what the president wants to do is bad for the economy, sean. what concerns me is we are now three days away from a really bad law taking effect which is increasing tax rates on everybody, huge increases on capital gains, massive increase on dividends. this is destructive. i see my mission in part to try to absolutely minimize the damage. unfortunately, i don't have the ability to repeal that law and the democrats control two out of the three parts of the elect ared government. i will fight as hard as i can to minimize this damage. but i got to be honest with you, i mean we got a pretty tough hand to deal with here. and we can't just change that law by ourselves. >> sean: it seems to me senator johnson three things that maybe the president hasn't thought of. number one if the president goes over the fiscal cliff on his watch the optics are not very good for him. while he may think there is
departure, the president called all four congressional leaders, reid, mcconnell, boehner and pelosi. now fiery words after reid hit boehner with volley after volley from the senate floor earlier today. >> if we go over the cliff and it looks like that's where we're headed, mr. president, the house of representatives as we speak with four days after today aren't here with the speaker having told them they'll have 48-hours notice. i can't imagine their conscie e consciences. >> speaker boehner's office responding with a terse statement saying in part, quote, senator reid should talk less and legislate more. the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. joining me now from d.c. nbc news white house correspondent peter alexander. peter, there was word the last hour that the president may have sent some sort of deal. the white house then turning around saying that's not true at all. where was the confusion? >> reporter: well, you hear the frosty statements back and forth as you just indicated there, craig. ah, the holidays in washington. a
a wonderful holiday because the president's is about to end. boehner and the boys? what's the rush? ♪ >> first of all, we want to say merry christmas. >> president obama is cutting short his christmas break with the fiscal cliff looming large. >> the fiscal cliff gets closer. congress now has six days left to make a deal. >> aloha, hawaii. >> to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a pretty good day. >> they were this close. they were this close to a solution. >> he's going to get tax rate hikes. >> are we going over the cliff? >> i believe we are. >> be republican and be conservative and pass a bill that cuts tax. >> boehner has no control over his extreme right wing faction. >> should anybody's taxes be raised at this point? answer yes or no. >> no. no. ♪ >> we begin as president obama and the senate head back to washington set for one last effort to avert the first fiscal cliff. aloha means good-bye for the president as he packs bound for the white house tonight. the president cutting short his vacation leaving michelle and the girls
relationships. politico reports on an encounter between speaker boehner and harry reid in the white house lobby. go [ bleep ] yourself, boehner sniped, as he pointed his finger at reid, according to multiple sources present. speaker boehner refused to bring forward a bill funding emergency aid for victims of superstorm sandy. this is how republican peter king responded this morning. >> john boehner has been personally helpful over the years, so it pains me to say this, but the fact is, the dismissive attitude that was shown last night towards new york, new jersey, connecticut, typifies, i believe, a strain in the republican party. we cannot believe that this cruel knife in the back was delivered to our region. >> now, unfortunately, these leaders will still need to work together, and soon. with one deadline down last night, the president has already begun positioning himself for the next fight. >> we'll negotiate over many things. i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. let
behind closed doors with house speaker boehner, senate majority leader harry reid and senate minority leader mitch mcconnell talking about doing something to keep more than trillion dollars in tax increases and cuts from taking effect next week. also joining that party today, america's happy warrior. vice president joe biden will be there. while some appear ready to compromise others are still ducking, dodging, trying to dump the blame elsewhere. >> we all have our ideas and in the senate, you're right. we probably another 40, 50, 60 of saying that we're ready to both raise revenues and control entitlements. when's the missing ingredient? it is presidential leadership. >> i think in the end we'll get a deal. the question is the timing. >> am hopeful there will be a deal that avoids the worst parts of the fiscal cliff, namely taxes going up on middle class people. >> it's pretty apparent that we are not going to do what we've been called to do. this is 112th congress. we have had two years to deal with quote the fiscal cliff. >> let's bring in our man at the white house, peter alexande
was because of the deal -- >> john boehner. because of john boehner. >> partly, mitch mcconnell force ed john boehner's hand. >> we expect senators to do that. that's what republican -- republican senators have always spent us deeper into debt. that's what they do. that's their hobby. >> look, in this round, the president got a ton. and liberals who are complaining are most worried not about the terms of this deal but about whether the president's got a weak hand going into the next round. the president, as you pointed out, has said as recently as sunday with david gregory, we need to do medicare reform. we need to do entitlement reform. when we deal with the sequester cuts in two months, when we deal with raising the debt ceiling, even though the president wants to keep that out of the debate, republicans are going to have another chance with leaders like john boehner and paul ryan making the argument. and i think the president once again is going to have that k n confrontation. >> how many trillions do you think they'll add to the debt, mika? paul ryan -- i had the tenth amendment on a lit
their taxes go up. the news comes after a conference call that mr. boehner held with gop house members, telling them to return to washington this sunday. but just because they're coming back doesn't mean they're looking to play nice. today, senator harry reid blasted the speaker for refusing to even vote on a democratic plan that would protect 98% of americans. >> everyone knows that if they had brought up the house -- i'm sorry, the senate-passed bill that would give relief to everyone making less than $250,000 a year, it would pass overwhelmingly. it's being operated with a dictatorship of the speaker. >> a dictatorship of the speaker. and here's house speaker boehner office responded. senator reid should talk less and legislate more. legislate more? what legislation has speaker boehner been working on while on vacation? while we're about to go over the cliff, the gop has been pointing fingers at the president. one gop aide says talks have failed because "the president made a strategic miscalculation and overreached. he picked a fight." picked a fight? sorry, that's not going to fly.
speaker, john boehner, from a rising star in his own party. up next, why his republicans failed to vote on a $60 billion aid package to sandy victims and why they are scrambling now to make it right. >>> and then averting the fiscal cliff. we are going live to wall street for an update. >>> paul ryan says, quote, wasn't afraid to vote yes on the fiscal cliff deal. could that be a sign for 2016? i am wolf blitzer, and you are in the "the situation room." >>> if the gop house of representatives thought they were feeling the heat for the fiscal cliff, they did but it may have been nothing compared to what they are feeling now. the bite bg backlash coming from prominent members of their own party, they are blasting last night's decision to end the 112th congress without approving a $60 billion aid package for the thousands of victims still suffering from the super storm sandy. leading the charge, a rising star in the party, and a possible 2016 presidential contender, the new jersey governor, chris christie. >> i will not in the specifics with what i discussed with john boehner today, but th
it won't happen. boehner is at his weakest point ever. to push something through. doing that would weaken him even further. he still needs to be elected speaker on january 3rd. if you're boehner, you let this thing slide past january 3rd, getting yourself elected, and then do what you have to do. >> will he be stronger in. >> he won't be stronger. there will be about eight more democrats. >> really it's his caucus. >> but he'll be speaker again. if it does it, then you have a couple days to consider -- if he gets reelected and is speaker again, then it's much more trouble to unseed somebody who is already sitting there as the speaker than it is to stop him from running in the first place. >> if i could add to what ryan is saying, the only thing is he'll be proposing to his caucus a tax cut. everybody changes on january 3rd. you're no longer talking about some people getting a tax increase. harry reid and john boehner for instance said -- the speaker saying the senate should take it up. harry reid is speaking on the floor. let's take a listen. >> because americans' taxes are approaching th
it and now speaker boehner is putting it to a vote in two installments starting on friday but why i think holding off on this was right on especially when you realize how this money was going to be targeted and spent. just say not for sandy victims. are we being unspeakably cruel to the speaker? we do not hear that in the mainstream media. we will attempt a fair and balanced treatment of this tonight at fox business network. >> one of a select new democrats whom spending was not a calling, but save this species let history record blue dogs and fiscally conservative democrats while more liberal in social out look were anything yet but for our financial outlook, and among more than a dozen like-minded fiscal purists and later tonight, could be half a handful when the different democrat goes the way of the do-do bird forced out when constituents favored bacon over a guy taking away the bacon. i could go into the details of losing a primary and that guy using a general election but there guy is not staying. the pennsylvania congressman part of a dying breed of principled politicians who felt
operated with a dictator ship of the speaker. john boehner seems to care more about keeping his speakership than keeping the nation on footing. >> john boehner's office fired back -- senator reid should talk less and legislate more. the house has already passed legislation to avoid the entire fiscal cliff. >>> the president gets set to land in washington this hour. there's new word that the president has called all four congressional leaders. reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hur
to this point? taking you back to last week, you remember john boehner tried to get that alternative bill through the house. his own bill. he didn't have the support to do it. it fell apart. now things are in the senate and it will be up to harry reid and mitch connell and the president to try to come to a compromise to avoid the tax hikes and spending cuts that go into effect on the first of the year. president obama had been working with house speaker john boehner and trying to get a big deal that dealt with tax reform and deficit reduction. that fell apart and talks have largely been stalled this entire time. there was a lost pressure to get something done. we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president
>>> if you're a member of congress and a member of the tea party, who's your boss, john boehner, m.i.t. rom mitt romney? don't bet on it. the angry man or woman in the back row of the tea party, the angry one that stands up and scolds him, you betrayed us, you are one of them. do they want to be the person who voted with the party leadership or worse yet, the democratic president, or the one who voted against all of that and stayed true to the purity of the tea party dogma, no taxes, no deals, no compromises, no nothing, period. this is the wall the tea party have raised up, the wall beyond which people who captured. what they campaigned against was spending money on government, that is what taxes are. got it? and that's hardball for now, thanks for being with us "the ed show" with ed schultz starts right now. >>> good evening, americans, welcome to the ed show. i'm michael eric dyson in for ed schultz. the president cuts his vacation short to come back to washington, d.c., meanwhile, house republicans are literally phoning it in, this is the ed show, and as ed would say, let's get
and house speaker john boehner have been kept in the loop throughout. important because once the senate deals with this, it would go to the house. now, what we do expect in talking to a number of democrats tonight, some have put on coats and scarves and were going to lay down for a little while, waiting for the word to come back. others still think a vote can happen tonight. but tonight might not be defined by the final hour of 2012, but instead whatever time in the wee hours that document can get ready and get to the senate floor. so many people who work in the capitol who are not directly involved, from those who operate the trains that get from building to building to staffers on the senate floor to keep things moving to security, so many people working waiting for this to be resolved. political arguments and disappointments within the democratic side as we expect there to be among republicans as well. no deal gets everything people want. there are come radio mizes for people. and this is a smaller deal than many hoped there would be. it gives a short-term period before they have to
. harry reid spent the day moaning about how bad of a speaker john boehner is good the house is set to return sunday afternoon just one day before the end of the year. nearly 90% of americans will be hit with $500 billion in tax hikes and spending cuts. as we head off a cliff, what can you and your family expect come january 2? president of the american action reform joins me now. so, windows narrowing, what can we expect from here? >> if we literally go on autopilot and they fail to change course, i am worried about the economy. some sharp equity market attractions, consumer confidence has already begun, lots and lots of notices sent out, layoffs scaring people to death. this is not a good news story for anybody looking for a job. gerri: the clock keeps on taking. the cover of "the new york post," pretty amusing. off the fiscal cliff, this is really going to hurt. i think everybody can relate to that one. for taxpayers, $500 billion increase in taxes. how will that hit people, how meaningful is it going to be, will they see the results in their first paychecks? >> for sure the hig
negotiations and john boehner and senate leader are working on a deal this morning to avoid the fiscal cliff, or as chris hayes and i call it, the fiscal curve. the deadline is soft. it's not like every american is going to be handed a bill on january 1st and there's way to manage the damage if the country goes over. the senate is set to convene this afternoon with the house to follow tonight. there's a chance that a compromise will be reached, less than 48 hours before tax rates revert to their clinton dasher are levels and board across the board spending cuts talk effect. when the president took to the podium friday afternoon to urge the law enforcements to get their act together with he didn't exactly project confidence. >> this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. >> this may be why the pr
through the senate and doesn't make john boehner look too bad in the house and there are a lot of conservatives in the house that don't want to do any type of deal that would raise taxes on anybody even though they'll go up on the entire country the first tax hike in 20 years after monday night. >> and one would also assume that mitch mcconnell would have to back a grant, he could face a primary fight if this thing -- >> you touched on one of the great sub plots of these entire negotiations is personal things that boehner and mcconnell have in these negotiations. obviously, mcconnell doesn't want to have someone on the right come after him because he was in favor of a tax hike and john boehner's re-election as speaker of the house. and that would come across as a vote of no confidence. very embarrassing and they don't expect it happening and there's a lot at stake for mitch mcconnell and john boehner personally. great point you brought up. >> if the senate fails to come up with something, does the president have the votes? >> reporter: if harry reid got this through the senate,
criticism about the president's tone today on "meet the press." this is what john boehner had to say, blaming the failure of a deal on the president. >> your response? >> well, that's very interesting, chris, because speaker boehner has refused to even hold a vote in the house of representatives on the president's proposal. we're not asking speaker boehner to endorse the president's proposal. we're not asking republicans to say they want to endoris the proposal. we're simply asking for a vote. we believe that republicans and democrats together could get a majority for the president's proposal to avoid the fiscal cliff and deal with the deficit in a balanced way. in fact, as we know, republicans like tom cole, a very conservative member from oklahoma, and others have said that that approach makes sense. and yet the speaker refuses to allow a vote on that proposal. and so allow democracy to work and so far unfortunately, speaker boehner has been held captive with the tea party wing of the republicans in the house, which voted down his own proposal just about a week ago, because he said
with boehner. he won't talk with the other republicans. he hasn't built the trust. >> so has the president and the democrats, do you think they have done enough to build trust on the other side? >> i think so. i have been here 30 years now. this republican conference in the house is more hard edged, more hard to bid than has been true almost all the time i have been here. there has been in a sense a radicalization in the republican conference here in the house and it makes it very difficult to negotiate. the president has been talking with the speaker. he made an offer. it was essentially rejected by the speaker. he then comes up with another alternative. it is turned down by the conference that he is supposed to lead. i think all of that has made this a more difficult proposition. i think the president, he has offered cuts in spending essentially it has been very difficult to deal with this republican majority now in the house. and what i am hopeful of in this very, very critical last 48 hours is that the senate will act, they will find common ground and i also hope that if that doesn't h
reid needs the vote to avert the fiscal cliff. but the house? a different story. speaker john boehner held a conference call with republican leadership today, and basically decided to do nothing. there are no immediate plans to return to washington. even as that decision is made, how members have 48 hours to get there. house republican leadership released a statement today reading in part, the house has acted on two bills which collectively would avert the entire fiscal cliff if enacted. those bills await action by the senate if the senate will not approve and send them to the president to be signed into law in their current form. they must be amended and returned to the house. the house will take this action on whatever the senate can pass, but the senate must first act. the house has passed bills that would never pass the senate. speaker boehner's position is a joke. senate majority leader harry reid responded, house republicans pushed middle class families closer to the blip by wasting an entire week with their incompetent plan b stunt no further legislation can move through the se
-minute deal and this plan would not be the grand bargain that john boehner started initially working on. that plan would have dealt with tax reform and deficit reduction and this will be a much more scaled back version that will deal with the issue of taxes and that is still the big sticking point, taxes. of course, democrats and president obama have called for tax rates to increase on those making $250,000 or less. republicans have said that's way too low. so they're thinking about potentially compromising on a rate that would be $400,000 or $500,000, but some republicans are saying they don't think that the tax rate should go up on anyone. so taxes still the major sticking point. right now the negotiations are going on the hill and there's a lot of optimism that came from the talks yesterday. of course, president obama hosted congressional leaders at the white house and they left that meeting and many said that it was constructive and they were optimistic that a deal could get done and i've been talking to my sources today and that same optimism isn't really present right now. there's
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